How mortgage insurance can benefit you

 


The world is slowly recovering from the effects of COVID-19. Sectors which were impacted are yet to be back at the pre-pandemic level. One such major sector is real-estate. The pandemic drove up the prices of houses, where a potential new buyer had to take large amount of home loan in order to buy a house of their own. This is also evident in Singapore. The repayments of a home loan typically last for a substantial period of time. In the event of unforeseen circumstances like a sudden demise of the sole breadwinner, a family might find it tough to deal with repayments. This is where mortgage insurance can come in handy and listed below are its benefits:

  • The premiums are low

As a home owner, you would set aside a certain amount from your monthly income that will be used for repayment. This helps in keeping your expenses on track. In addition to home loan repayment, when you opt to invest in... 


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